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��14�1�� �� 3�.SECURITY DEP�S�TS AND �THER FEES. Borr�vtirer shal� not require as a condition of occupancy or I�asing of any unft in th� Project, any cansid�ration �r d�pos�t �ther than the prepayment �f the first month's r�nt pEus a secur�ty de�os�t in an amount nat in �xcess af ane m�nth's r�nt to guarantee the p�rformanGe af the fease terms. �orrower may charg� certain application pr�cessing fees such as credit check �r cr�minal background fees �r �et dep�sits. VI. A�Ti�NS REQU�RING THE PRI�R INRITTEN APPR�VAL �F HUD 3�.A�TI�NS REQU�RIN� THE PR#�R�IVRITTEN APPR�VAL �F H UD. B�rr�wer shal! nat without the prior written a�pro�al of HUD: a, Convey, ass�gn, transfer, pledge, hypothecate, encumber, or �therwise disp�s� vf th� Mortgag�d Pr�perty or any interest therein, �r perm�t the can�eyance, ass�gnment, �r transfer of any interest in Barr�vUer t�f the effect of such con�eyan�e, ass�gnment ar transf�r �s th� creation or elimination of a Pr�nci�al} unless �ermitted by Pr�gram �bligati��s. Borrawer need not obta�n the prior written appro�a! of HUD: �i} for a c�n�eyanc� af the Martgag�d Property at a �ud�cial �r nan judicial foreciosure sale und�r th� Se�urity Instrum�nt; �ii} far inclus�on af the Mortgaged Pr�perty in a bankru�tcy �state by operati�n of !aw und�r th� United States Bankruptcy �ode; �iii} fvr acquisition of an int�rest by inheritance or by Court decree; or �i�} for actions permitted under subs��tian 35�g}. b. Enter into any contract, agreement or arrang�ment ta b�rr�w funds �r finance any purchase or incur any liability, direct or contin��nt other than for Reasonable �perat�ng Expenses. c. Pay out any funds of th� IVlortgag�d Pr�p�rty: �i} except from permissi�l� withdrawals of 5urpius �ash, and �ii} exc�pt for R�asonable �p�rating Expens�s and necessary repairs. d. Except from permiss�bf� v�ithdrawals of Surplus �ash, pay any ��mp�nsation, �nclud�ng wages �r sa�aries, or incur any �b�igation to do s�, to any offic�r, director, st��kholder, truste�, ben�ficiary, partner, member, manager ��n the cas� of a Borr�w�r formed as a Limited L�ability ��mpany �r Limited Liability �orp�ration}, or Principal of Borrower, �r tv any nomine� ther�of. e. Enter into �r change any c�ntract, agreement or arrangement fvr superv�s�ry or managerial s�rvic�s or Leases for op�rat�an �f th� Project �n whale ar in �art except a� permitt�d under Program �bligatians. f. Convey, assign or transfer any right to recei�e the Rents of th� M�rt�aged Pr�p�rty, except as �rovided in the Security �nstrument. Pre�ivus editions are obsol�t�; Regulatory Agreement HUD-92466M tRe�.�4111} Replaces form HUD-92465(1�10�}